Direct Debit / PAD stands for Pre Authorized Debit. In Canada, the PAD network is a highly reliable and efficient nationwide electronic funds transfer system used for inter-bank clearances of electronic payments. It's a great way to transfer money because the amount is directly debited from your account after you book a transaction. Clearly, that saves you time and effort.

Apart from the reliability and stability of a nationwide system, ACH transfer gives you many other advantages:

• You can schedule your regular payments like loan EMIs and insurance premiums.
• You can send money from not just one but many Canadian bank accounts.
• It's totally online. There's no need to visit your bank at all.
• A one-time verification of your bank account makes sure that your details are safe and secure.

Direct Debit operates only in Canada; so you can send money only in CAD.

You need to provide us with the following details:

• Your name as it appears on your bank statement
• The type of bank account you have
• Your bank transit number (5 digits)
• Your bank number (3 digits)
• Select your Canadian bank
• Your Canadian bank account number

It's very easy to add your bank account information on Remit2India. To do that:

• Sign-up with Remit2India.
• Provide us with the bank account details.
• We will then verify and activate your account and notify you about it via email. Or, you can find out about it from our Dashboard.
• Once your account is activated, you can start sending money.
Note: Book your transaction by 1800 GMT so that we can process it faster.

We verify your account just to be sure that it is you who have added the account. We do this through a simple and a one-time process.

• We credit and then debit a very nominal and random amount in cents to and from your bank account. The amounts are the same so the net impact on your bank account is zero.
• We then let you know about this transaction by email.
• When you receive the email, you need to refer to your bank statement for the exact amount that has been credited and debited.
• When you log in to Remit2India, your transaction status will show,'Click to Verify'
• Now enter the exact amount in the space provided.
• If the details match the actual transaction you see in your bank statement, your account is activated and you can start sending money.

The exchange rate prevalent on the day your money is converted to Indian rupees is the rate that will apply to your remittance. Our online calculator will let you know the prevailing exchange rate whenever you book your remittance so that you have a fair idea of how much amount you can expect in INR. Click here to know today's exchange rate.

You can either use your checking or savings account with any Canadian Bank affiliated with the PAD network

Transit number is the Bank Identifier Code (BIC) used among banks in Canada to transfer funds. It is composed of a three-digit financial institution number (Bank number) which identifies your bank and a five-digit transit number that identifies your specific bank branch.